The subjective value of time is the marginal rate of substitution between travel time and travel cost under constant … utility or profit level. It is commonly referred to as the monetary appraisal of value of time or the willingness to pay for … savings in travel time. This study proposes methods to measure the true value of time from observable demand functions …

Traffic congestion contributes to longer travel times and increased travel time variability. We account for the dynamic … nature of travellers' choices, by deriving a closed-form solution for the costs of travel time variability. The resulting … observed and unobserved heterogeneity in the value of travel time and reliability. Using data from a stated choice experiment …

-ranging treatment of the value of time was Gary S. Becker's 'A Theory of the Allocation of Time' published in 1965. Becker's paper is …There is a long tradition of studies using the concept of the value of time (VoT) to assess human behavior in diverse …: time and money. Thus, the selection process needs to take into account the average value created over a period of time and …

appointments registered during one year of observation. We used the call-appointment interval to establish the wait time to get an … patients tend to miss appointments more often than established patients when the waiting time increases. It was also found that … as the waiting time is reduced. Originality/value: The methodology applied in our study, which combines the use of …